Zhejiang Hengda New Material Co., Ltd. 2026 Restricted Stock Incentive Plan (Draft)
Stock Abbreviation: Hengda New Material
Stock Code: 301469
Zhejiang Hengda New Material Co., Ltd.
2026 Restricted Stock Incentive Plan
(Draft)
July 2026
Statement
The Company and all directors guarantee that the contents of this incentive plan do not contain any false records, misleading statements, or major omissions, and assume individual and joint legal responsibility for the authenticity, accuracy, and completeness of the content.
Special Notice
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This incentive plan is formulated in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for Equity Incentives of Listed Companies, the Shenzhen Stock Exchange GEM Stock Listing Rules, the Shenzhen Stock Exchange GEM Listed Company Self-Regulatory Guidelines No. 1—Business Handling, the Articles of Association of Zhejiang Hengda New Material Co., Ltd., and other relevant regulations.
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The Company does not fall under any of the circumstances stipulated in Article 7 of the Administrative Measures for Equity Incentives of Listed Companies that prohibit the implementation of equity incentives:
(1) The financial accounting report for the most recent fiscal year has been issued with an audit report containing an adverse opinion or a disclaimer of opinion by a certified public accountant;
(2) The internal control of the financial report for the most recent fiscal year has been issued with an audit report containing an adverse opinion or a disclaimer of opinion by a certified public accountant;
(3) There has been a failure to distribute profits in accordance with laws, regulations, the Articles of Association, or public commitments within the 36 months following the listing;
(4) Laws and regulations stipulate that equity incentives may not be implemented;
(5) Other circumstances recognized by the China Securities Regulatory Commission (CSRC).
- The incentive participants of this plan do not fall under any of the circumstances stipulated in Article 8.4.2 of the Shenzhen Stock Exchange GEM Stock Listing Rules that prohibit becoming an incentive participant:
(1) Being identified as an inappropriate candidate by the stock exchange within the last 12 months;
(2) Being identified as an inappropriate candidate by the CSRC and its dispatched agencies within the last 12 months;
(3) Having been subject to administrative penalties or market entry bans by the CSRC and its dispatched agencies due to major violations of laws and regulations within the last 12 months;
(4) Having circumstances stipulated by the Company Law that prohibit serving as a director or senior manager of the company;
(5) Laws and regulations stipulate that they may not participate in equity incentives of listed companies;
(6) Other circumstances recognized by the CSRC.
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The incentive tools adopted in this plan are restricted stocks (Type I restricted stocks and Type II restricted stocks), and the source of the shares is the A-share common stocks of Zhejiang Hengda New Material Co., Ltd. (hereinafter referred to as the "Company") repurchased through the Company's special repurchase account.
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The total number of Type I and Type II restricted stocks proposed to be granted under this incentive plan shall not exceed 1.899 million shares, accounting for approximately 2.12% of the Company's total share capital at the time of the announcement of this draft. Among them, 1.5192 million shares will be granted for the first time, accounting for approximately 1.70% of the total share capital at the time of the announcement and 80.00% of the total equity granted under this plan; 0.3798 million shares are reserved, accounting for approximately 0.42% of the total share capital at the time of the announcement and 20.00% of the total equity granted under this plan.